Bankers Draft

fw750x · Renault 5 Driver Joined: 27 Oct 2008 Karma :

Hello Everyone i am Buying a Secondhand Motorcycle on Saturday and Was Going to get a Bankers Draft to Pay for it Rather than Carrying Cash , I dont Have Mobile Banking . Does the Person you are Paying Need their Name on the Bankers Draft ? I have Never got one of these before so im not Sure what way it works. Any info would be great Cheers Francis

Polarbear · Super Spammer Joined: 24 Feb 2007 Karma :

If you have a bank account the old way was to get the bank to issue a cheque for you. It was guaranteed as it came straight out of your bank account. Basically the same as cash,

Now whether that is just another name for a bankers draught I don't know but you had to have the person to be paid on it, just like a normal cheque.

However it was many many years ago and I don't know what they do now as now modern people just use a card. Wink

____________________
Triumph Trophy Launch Edition

iooi · Super Spammer Joined: 14 Jan 2007 Karma :

Don't expect to ride away till its cleared.

To many fake/fraudulent ones.
____________________
Just because my bike was A DIVVY, does not mean i am......

Pete. · Super Spammer Joined: 22 Aug 2006 Karma :

Ste · Not Work Safe Joined: 01 Sep 2002 Karma :

I'm not accepting your bankers draft as there are stolen bankers drafts around which will bounce after they've cleared.

You don't need to be signed up for mobile banking, you can use your normal online banking details to make payment by bank transfer which will be from the same name as is on your driving license.

If for some strange reason you can't do a bank transfer then I'll accept cash and I'll pay it into the bank before you ride away on the bike.

Bankers draft? You might as well try offering me a cheque. Laughing

1198 · World Chat Champion Joined: 24 Jan 2013 Karma :

Depends on the amount and if you know the seller. I’ve just bought a crappy old car (£500). I’ll turn up and give cash and doubtless the seller will take it there and then and give me thev5 as I know him well enough.
If I was buying a more expensive vehicle I’d be expecting to do a bank transfer or cheque (but that results in a wait of course). If you gave me a bankers draft I’d happily take it but you would still be waiting for me to clear it.

andyscooter · World Chat Champion Joined: 30 May 2009 Karma :

how do you haggle with a bankers draft

get cash out of bank take that

this is one of those situations where cash in king

you get there and notice something with a draft its all written ready
with cash you can say because of this would you take (add lower amount here)
____________________
gilera runner vxr200 (chavped)
if its spelt wrong its my fat fingers and daft auto correct on my tablet

Ste · Not Work Safe Joined: 01 Sep 2002 Karma :

Cash was king 10 years ago.

Now it's an unnecessary inconvenience where you have to go to the bank it in.

andyscooter · World Chat Champion Joined: 30 May 2009 Karma :

1198 · World Chat Champion Joined: 24 Jan 2013 Karma :

Banks seem to get a bit chompy these days if you try paying in large amounts of cash....

fw750x · Renault 5 Driver Joined: 27 Oct 2008 Karma :

Hello Again Just to Clarify I Travelled over to Scotland With the Money in Northern Bank Notes Sterling ( A lot of Shops Garages etc ) Wont Accept them, We Went to the Guys Bank and Because he is a Regular Customer and Known to the Bank Staff they Took the Money and put it into his Account. Got the Bike and went Back to the Ferry 22 Hours there and Back , Delighted with the Bike .